UAE Progress in Strengthening AML/CFT Measures: FATF Follow-Up Report 2023
The FATF has published a follow-up report on the United Arab Emirates' progress in addressing deficiencies identified in its 2020 mutual evaluation. The UAE has improved its compliance with three key Recommendations: Recommendation 1 (risk assessment) is now Largely Compliant, while Recommendations 19 (higher-risk countries) and 29 (financial intelligence units) are now Compliant. The UAE now has 15 Compliant, 24 Largely Compliant, and only one Partially Compliant rating, with no Non-Compliant ratings. The country remains under Enhanced Follow-Up and will report back to MENAFATF.
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